Prevent financial and reputational damage – KYC and CDD lessons learned. In an international context, many banks appear to be struggling to properly apply regulations to prevent money laundering and terrorist financing. Problems lead to incidents with direct financial damage through a supervisory fine and indirect reputational damage. This AF Advisors article by Anne Kuijken describes key lessons learned for improving ‘Know your customer’ (KYC) and ‘Customer Due Diligence’ (CDD) processes.
This article is only available in Dutch
